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NSW Government bought land for three times its value for light rail project – ABC News

A major land deal is under scrutiny after the New South Wales Government paid three times its value in an urgent “out of session” meeting.

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A major land deal is under scrutiny after the New South Wales Government paid three times its value in an urgent “out of session” meeting.
Key points:

  • A property developer bought land in Camellia, Sydney, shortly before the Parramatta Light Rail project was announced
  • The NSW Government failed to negotiate a good price, buying the land from the developer for three times its value to use as a tram depot
  • Former NSW auditor-general Tony Harris said the property deal should be referred to ICAC

The cost…

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